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McFarlane Lake Mining Limited ( (TSE:MLM) ) has provided an announcement.
McFarlane Lake Mining Limited has announced its proposed acquisition of the Juby Gold Project, one of Ontario’s largest undeveloped gold properties, from Aris Mining Holdings Corporation. The project, located in the Abitibi Greenstone Belt, boasts significant historical gold resources and potential for growth. This acquisition enhances McFarlane’s position in the gold exploration sector, moving it towards becoming a developer of gold resources. The project includes four mineralized zones and is supported by nearby infrastructure, which will facilitate development. The company aims to work sustainably with local communities to develop the property.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited operates in the gold exploration and development industry. The company focuses on expanding its gold resource base and is transitioning from being solely an explorer to also a developer of gold resources.
Average Trading Volume: 312,056
Current Market Cap: C$13.53M
Learn more about MLM stock on TipRanks’ Stock Analysis page.